The Canyon Resources’ subsidiary has acquired 42.8 per cent of Douala Port Timber Terminal, adding a port interest to its existing railway stake as it develops a planned route for Minim-Martap bauxite. Camalco Cameroon is extending its position in the logistics network being planned for the Minim-Martap bauxite project, acquiring a 42.8 per cent stake in Douala Port Timber Terminal (TBPD). The investment adds a port-related interest to its existing shareholding in Camrail, the railway operator expected to form part of the project’s transport route. The acquisition was completed through a capital increase at TBPD, rather than the purchase of shares from existing shareholders. Camalco invested XAF 347.447 million (USD 604,000), subscribing to newly issued shares reserved entirely for the...
The aluminium industry is entering another phase of supply-chain repositioning. Across bauxite, alumina and primary aluminium, companies are investing in new resources, consolidating strategic assets and expanding processing capacity, while governments are increasingly treating domestic supply as a strategic priority. The latest developments from Australia, Guyana, Guinea, Indonesia, the US and India point to a market where resource security, processing location and control over supply chains are becoming as important as production growth. At the same time, new trading mechanisms and changing investment patterns are beginning to influence how aluminium and its raw materials reach the market. Bauxite supply expands, but securing the right tonnes is becoming harder In Western Australia, VBX...
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On Tuesday, November 28, Press Metal Aluminium Holdings published its third quarter fiscal report, showing a lag from the consensus forecasts. Nonetheless, market analysts have maintained their recommendations on the company, with expectations that aluminium prices will remain subdued. Press Metal posted a 3 per cent drop in net profit for Q3 2023 to MYR 306 million versus MYR 315.8 million a year ago. The nine-month consolidated net profit amounted to MYR 894 million, missing the research house’s full-year expectations and the consensus estimate. The decline in net profit could be attributed to the sluggish global aluminium prices on the London Metal Exchange that were 6 per cent down Y-o-Y at US$2,203 per tonne in 3QCY2023. “The core bottom line slipped 3% year-on-year (y-o–y) and 21%...
LME aluminium opened at US$2213 per tonne in the previous trading day, with its low and high at US$2199.5 per tonne and US$2225.5 per tonne, respectively, before closing at US$2218.5 per tonne, up US$6 per tonne or 0.27 per cent. On November 28, the LME aluminium live price chart registered a linear market trend, with the LME aluminium cash bid price and the LME aluminium official price shedding US$12 per tonne or 0.55 per cent and US$12.50 per tonne or 0.57 per cent to officially close at US$2,164 per tonne and US$2,164.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price plunged by US$13 per tonne or 0.58 per cent and US$12.50 per tonne or 0.56 per cent to anchor at US$2,208 per tonne and US$2,209 per tonne, respectively. The...
On Wednesday, November 29, China’s A00 aluminium ingot price has contracted by RMB 80 per tonne to clock at RMB 18,770 per tonne, with the average prices standing between RMB 18,750 per tonne and RMB 18,790 per tonne. The spot contract price may be traded at a discount price of RMB 60 per tonne to RMB 20 per tonne. Domestic aluminium ingot prices have fallen in all the provinces, with the highest in Linyi, slumping by RMB 140 per tonne to clock at RMB 18,770 per tonne. As per Shanghai Metals Market (SMM) data, the aluminium ingot prices in Tianjin and Chongqing have also decreased by RMB 120 per tonne and RMB 100 per tonne to come in at RMB 18,770 per tonne. In Wuxi and Hangzhou, the domestic aluminium ingot prices have descended by RMB 90 per tonne to clock at RMB 18,750 per tonne and...
Luoyang Longding Aluminium Industries Co., Ltd., also known as "Longding Aluminium," is a specialised aluminium processing company that primarily manufactures aluminium plates, strips, and foils. Longding Aluminum's daily production report shows that the company's double zero foils production reached 2,000 tonnes on November 21. In November, the total monthly production will reach 2,500 tonnes; in December, the output is expected to exceed 3,500 tonnes. Since the fourth quarter, the company has been based on itself, deeply training internal skills, and comprehensively improving the quality of double-zero foil billet, from upgrading the melt batching structure of the casting and rolling process, strengthening the execution of melt purification and standardising the casting process...
Hitachi has pledged to make all its products in Japan from “green aluminium” produced through less carbon-intensive processes than conventional methods. To achieve this goal, the company has set a deadline of March 2024. Hitachi, Ltd. is a Japanese multinational conglomerate headquartered in Chiyoda, Tokyo. The company specialises in a diverse range of products, including digital systems, power and renewable energy solutions, railway systems, healthcare products, and financial systems. The Japanese industrial giant uses approximately 10,000 tonnes of aluminium domestically to make refrigerators, washing machines, railroad cars, and so on. To achieve the net-zero carbon emissions goal across the entire supply chain by 2050, Hitachi has aimed to reduce carbon footprint by using low-carbon...
Aluminium Stewardship Initiative (ASI) announced the joining of VAF Def-Aero Systems Private Limited as the new production and transformation member. With 40 years of experience, the company is known for manufacturing precision aluminium castings in India. The company is known for providing precise defence castings, aerospace castings, gravity die castings, sand casting aluminium, and greensand casting for many sectors that need high-performance components. The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. VAF Def-Aero Systems Private Limited provides completely processed anodized aluminium castings in India for many sectors, such...
Alumex PLC, part of the Hayleys Group's Construction Materials sector, has recently unveiled a strategic expansion of its product line-up. When it comes to constructing or renovating a home, people often seek advice from architects for long-lasting solutions. The Alumex Building System (ABS) Sliding Windows offer a durable and contemporary alternative to traditional wooden windows. By combining the strength of aluminium with wood finishes, Alumex offers a modern, long-lasting solution that is cost-effective over time. Making informed choices in this area can enhance living spaces and promote sustainability. Alumex's products are built to last, with an impressive up to 30-year warranty. In addition, Alumex offers the versatile and adaptable 'Dwelling' Multi-purpose rack that can be used in...
Tractors Singapore Limited (TSL), a Cat dealer, has signed a memorandum of understanding with Caterpillar to supply engines for Penguin International. Penguin is a renowned manufacturer of aluminium-hulled workboats, patrol craft, and passenger ferries. The company's flagship design is the Flex, which was first introduced in 2006 with the Flex-36. The latest version of the Flex is the Flex-42X Executive Fast Crew Boat. The aluminium crew boats have been put together or assembled by the company’s own shipbuilding and management teams posted in Singapore. The firm has already provided almost 150 Flex offshore crew boats and armoured security boats named Flex Fighter. The MD of Penguin International, James Tham, exclaimed: “Penguin boats set the standard for mid-sized crew boats in the...
Northwest Aluminium, one of the largest manufacturers of roofing & ventilation products in Ireland & the UK, has received the Nadcap NDT 18 Month Certification Cycle Reward. As per the official website of eAuditnet of the PRI (Quality Evaluation Association) certification, Northwest Aluminium has been awarded an 18-month certification cycle. This recognition fully acknowledges Northwest Aluminium's competence in maintaining the Nadcap non-destructive testing project. Non-destructive testing certification from Nadcap is required to deal with civil aviation vendors' entrances. Northwest Aluminium products can access the local and international civil aviation markets thanks to the Nadcap non-destructive testing special process certification audit. The Nadcap non-destructive testing...
India’s aluminium scrap imports from the United States recovered in August 2023 by 2,300 tonnes or 5.36 per cent month-on-month to stand at 45,200 tonnes, according to the US Geological Survey data. The imports in July fell by 3,700 tonnes or 8.62 per cent to 42,900 tonnes, as a continuation of M-o-M decline in June from 48,100 tonnes to 46,600 tonnes, showed USGS survey. On a year-on-year calculation, India’s aluminium scrap imports from the United States in August’23 stood 1.95 per cent lower than 46,100 tonnes. However, the country’s total imports from January to August 2023 registered a rise of 5,000 tonnes or 1.59 per cent from 314,000 tonnes to 319,000 tonnes. The year-to-date increase in India’s aluminium scrap imports from the United States indicates the country’s need for...
Bulgari, the renowned Italian luxury brand, is all set to unveil its latest creation, the Bulgari Vision Gran Turismo concept car and BVLGARI Aluminium x Gran Turismo special edition watches on 3 December. The collaboration between Bulgari and Gran Turismo has created a buzz in the automotive industry, and expectations are high, given Bulgari's reputation for quality. The Bulgari Vision GT boasts a unique and distinctive design, featuring an open cockpit, bold wheel arches, and a sleek, low-slung structure with a throwback wedge shape. The front of the car is adorned with a row of 11 slender headlights, adding to its aggressive aesthetic. Notably, the lower side is marked with prominent "Aluminium" lettering, accompanied by the iconic Bulgari logo, contributing to the vehicle's overall...
The Beer Institute, the longest-standing national trade organisation advocating for the beer industry, has launched MidwestPremiumExposed.org to enlighten consumers and legislators about the Midwest Premium (MWP). The MWP, or Metal Weight Premium, is a pricing mechanism that enables aluminium manufacturers to impose a fee on end-users for metal not covered by tariffs. Currently, no governing authority is responsible for supervising the use of the MWP. The aluminium tariffs imposed by Section 232 in the U.S. are causing significant financial burdens for brewers, and the MWP further exacerbates these expenses. Amidst the epidemic, there has been a considerable surge in the demand for aluminium bottles and cans. Currently, over 74 per cent of the total beer production in the United States is...
The 11th edition of IBAAS-JNARDDC 2023, hosted by the International Bauxite, Alumina & Aluminium Society (IBAAS) and Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), is just 7 days away. Taking place from December 4 to 6 in Nagpur, India, this conference focuses on the "Latest Technological Developments in Alumina and Aluminium Production." Conference highlights: Post-conference visit: To the HINDALCO Mouda Plant Abstract submissions: Exceeding 60 in number Company engagement: Involving over 80 prominent firms Expected delegates: Anticipating a turnout of over 200 participants The aluminium industry has witnessed remarkable growth in countries like China, India, Guinea, and Brazil, with Vietnam, Saudi Arabia, and Indonesia gearing up for substantial investments...
The World Economic Forum has announced the joining of Danfoss to the First Movers Coalition (FMC), a global union determined to decarbonise hard-to-abate industries. First Movers Coalition is a flagship public-private partnership launched by the United States & World Economic Forum (WEF) to clean up the most carbon-intensive sectors like aluminium. Danfoss has joined the FMC aluminium sector, and like all other members, it is committed to procuring at least 10 per cent of low-carbon aluminium in a year and using at least 50 per cent of secondary aluminium of all the aluminium used by 2030. Rob van Riet, Interim Head of First Movers Coalition, said: “We are thrilled to welcome Danfoss to the First Movers Coalition, and are eager to work together towards the scaling up of the low-carbon...
National Trust (NT), the largest supplier and importer of raw and value-added minerals in the United Arab Emirates, has signed a memorandum of understanding (MoU) with a Pakistani firm to establish a strategic partnership. The partnership aims to invest 30 million UAE Dirhams in the mining, acquiring, and processing bauxite (aluminium ore) in Punjab. This collaboration will potentially open up opportunities for exporting processed aluminium ore to the Middle East, thereby boosting bilateral trade and stimulating economic growth in the region. On November 27, the declaration was made by Kohinoor Spinning Mills Limited (KSML), keeping the Pakistan Stock Exchange (PSX) as an audience. The statement released said: "We are in serious discussions with UAE and Pakistan-based stakeholders to...
Norsk Hydro, one of the largest aluminium companies worldwide, has signed a significant agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates initial offtake duration of 8 years, which may be extended if desired. It will include a maximum of 25 per cent of the total annual use of about 600,000 tonnes of carbon anodes by Hydro's Norwegian smelters. The anodes will be manufactured at Sanvira's upcoming anode facility in Oman, which is now being built. The plant is expected to be completed in the first quarter of 2025. Following its completion, the plant will undergo certification and performance testing for Hydro starting in the second quarter of 2025. Hydro sees this partnership as an intelligent...
According to the International Aluminium Institute survey, world alumina production in October 2023 stood at 12.25 million tonnes, reflecting a month-on-month rise of 2.17 per cent. The output recovered in October but could not reach the production volume of August. In August 2023, world alumina production was recorded at 12.369 million tonnes, which fell in the succeeding month by 3.06 per cent to 11.99 million tonnes, according to the IAI data. On a year-on-year basis, world alumina production in October 2023 remained almost restrained compared to 12.21 million tonnes. From January to October 2023, the world‘s cumulative production of alumina amounted to 118.22 million tonnes, down by 0.50 per cent from 118.81 million tonnes during the corresponding period of the previous year. The...
On November 28, the Shanghai Metals Market witnessed a more or less uniform slump in aluminium prices, with the SMM A00 aluminium ingot price losing RMB 40 per tonne to close at RMB 18,850 per tonne. The average aluminium prices have circulated between RMB 18,830 per tonne and RMB 18,870 per tonne. If we consider the SMM aluminium price on August 28, we can establish a Quarter-on-Quarter drop of RMB 50 per tonne or 0.26 per cent from RMB 18,900 per tonne recorded on that day. China’s eight central provinces have all shown deflecting prices today, with the highest fall recorded in Wuxi, where the aluminium price stood at RMB 18,840 per tonne after negating RMB 50 per tonne. Other than that, Gongyi, Hangzhou, Chongqing and Shenyang have all discarded RMB 40 per tonne. In Gongyi, the...
